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If the market price ever drops below a firm's average variable costs at its profit-maximizing level of output: A.the firm should shut down immediately. B.the
If the market price ever drops below a firm's average variable costs at its profit-maximizing level of output:
A.the firm should shut down immediately.
B.the loss-minimizing quantity of output is zero.
C.the firm is not earning enough revenue to cover the variable costs of production.
D.All of these are true.
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